COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

9 Months Ended

Dec. 31, 2016

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	December 31, 2016			March 31, 2016
Cost incurred on uncompleted contracts, beginning balance	$	5,491,605		$	4,068,488
Total cost incurred on contracts during the period	9,186,786			12,783,323
Less cost of sales, during the period	(8,558,680		)	(11,360,206		)
Cost incurred on uncompleted contracts, ending balance	$	6,119,711		$	5,491,605
Billings on uncompleted contracts, beginning balance	$	3,095,963		$	2,060,244
Total billings incurred on contracts, during the period	13,592,476			17,889,671
Less: Contracts recognized as revenue, during the period	(13,619,578		)	(16,853,952		)
Billings on uncompleted contracts, ending balance	$	3,068,861		$	3,095,963
Cost incurred on uncompleted contracts, ending balance	$	6,119,711		$	5,491,605
Billings on uncompleted contracts, ending balance	3,068,861			3,095,963
Costs incurred on uncompleted contracts, in excess of progress billings	$	3,050,850		$	2,395,642